Sygnum, a Zurich, Switzerland-, Singapore- and Abu Dhabi, UAE-based global digital asset banking group, raised more than USD 40M in interim close of financing, at USD 900M post-money valuation.
The round was led by Azimut Holding, with participation from new and existing strategic and financial investors.
The company intends to use the funds to expand into new markets and further extend its suite of regulated products and services in the digital asset industry.
Led by Group CEO Mathias Imbach, Sygnum is a global digital asset banking group that empowers professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with confidence through institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.
In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg.
Commenting on the news Mathias Imbach said: “Closing a successful funding round in this macro environment with such strong partners is exciting, and we are thankful for our investors’ trust in us. Our core thesis has always been that Future has Heritage and our strategy to build trust via regulation and good governance has guided us throughout all market cycles. We look forward to continuing to empower everyone everywhere to own digital assets with complete trust.”
FinSMEs
25/01/2024